Just in case this post I made on the other QTMM Bo
Post# of 22465
(Total Views: 315)
Posted On: 04/01/2020 5:51:47 PM
Just in case this post I made on the other QTMM Board gets taken down, I am posting this response to KB here:
You are the one who blatantly says facts are important, so you know that what people say on this board is always suspect because it is opinion, hopes, complaints and speculation but no "facts" about QMC's CURRENT operations. Sure, there is endless rehashing of the past, but that is not relevant to the current situation unless the intent is to paint QMC as repeating past mistakes, which it does not do, instead it learns from past mistakes.
Since you say, "facts are important", it is misleading to use the absence of news (facts) as proof of problems. The only thing that can be said is we don't know what the company is doing. That's all. For one example, saying "India defaulted" is totally unsupported because India has indicated the project is ongoing and to assume otherwise is pure gibberish. We don't know what or when money owed changed hands, or if it did, no one knows. But to assume it did not happen without verification is just rumors, not fact.
Now, there are lots of complaints that the company is not reporting news. Well, it is a non-reporting pink sheets company. It doesn't have to report news like a reporting company, so it is doing what is required under the rules. When it is a reporting company, then it will report news as required.
I agree it is frustrating not to have more periodic news, but fact is that the company is following the rules for it's situation.
I don't think the company should necessarily report bits and pieces progress like transporting equipment some place, or steps in construction of a building. Those type of facts just won't lift the stock price, so, in a way, they are not important. I think it should report big news, like when contracts are signed and deals are done. Only those will permanently raise the stock price and are worth reporting.
You are the one who blatantly says facts are important, so you know that what people say on this board is always suspect because it is opinion, hopes, complaints and speculation but no "facts" about QMC's CURRENT operations. Sure, there is endless rehashing of the past, but that is not relevant to the current situation unless the intent is to paint QMC as repeating past mistakes, which it does not do, instead it learns from past mistakes.
Since you say, "facts are important", it is misleading to use the absence of news (facts) as proof of problems. The only thing that can be said is we don't know what the company is doing. That's all. For one example, saying "India defaulted" is totally unsupported because India has indicated the project is ongoing and to assume otherwise is pure gibberish. We don't know what or when money owed changed hands, or if it did, no one knows. But to assume it did not happen without verification is just rumors, not fact.
Now, there are lots of complaints that the company is not reporting news. Well, it is a non-reporting pink sheets company. It doesn't have to report news like a reporting company, so it is doing what is required under the rules. When it is a reporting company, then it will report news as required.
I agree it is frustrating not to have more periodic news, but fact is that the company is following the rules for it's situation.
I don't think the company should necessarily report bits and pieces progress like transporting equipment some place, or steps in construction of a building. Those type of facts just won't lift the stock price, so, in a way, they are not important. I think it should report big news, like when contracts are signed and deals are done. Only those will permanently raise the stock price and are worth reporting.
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